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  • #1,073,121
  • Aug 2, 2016 6:12am Aug 2, 2016 6:12am
Quoting razaali
{quote} you have that fractal indicator???
sorry, I can't share.

I've paid someone $$$ to write that:
basically bollinger + fractal.

same strategy:
http://www.forexfunction.com/bolling...-with-fractals
https://analysis.hotforex.com/blog/2...-martin-gochev

mine is in 1 indicator
  • #1,073,122
  • Aug 2, 2016 7:15am Aug 2, 2016 7:15am
Quoting tradability
{quote} Short term bullish is not money making...please advise me where is your exit... as I explained again and again without having an exit you're not a winner agree? This is my point. Everyone can toss a coin and tell me a direction but a direction isn't a winner without an exit. So what is your exit ?????
@tradability,

Honestly, I do agree to your thoughts about exit. If I am allowed to explain my point of view, I view exit plan as important because it helps me to determine where to get out without question. That could be when my SL is hit or when my SL is not hit, which the latter case will help to keep my losses small and preserving sufficient capital to ride onto future trade opportunities. In the long term, the wins will still outweigh the strings of losses,

Entry might not be as important as exit, in my humble opinion because different people use different methods of fundamental and technical analysis. That itself will generate different trade entry signals and no two traders can have the same entries because entries are also partly affected by individual's trading plan too. Trading plans are often unique to everyone.

Anyway, tradability, my personal SL is at 1.11450. I will not confidently say that my trade will work, but its just my plan for trades that worked for me for many years. What do you think? Do you think I have made a point similar to yours? What do you think about my SL. Feel free to comment my friend.

Safe trade to everyone here!
  • #1,073,123
  • Aug 2, 2016 7:21am Aug 2, 2016 7:21am
Quoting openyoureyes
{quote} adding more below
that moment when you pay money for a custom trading method,.... and then you go completely against it
good luck mate
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  • #1,073,124
  • Aug 2, 2016 7:26am Aug 2, 2016 7:26am
Quoting desmondho
{quote} @tradability, Honestly, I do agree to your thoughts about exit. If I am allowed to explain my point of view, I view exit plan as important because it helps me to determine where to get out without question. That could be when my SL is hit or when my SL is not hit, which the latter case will help to keep my losses small and preserving sufficient capital to ride onto future trade opportunities. In the long term, the wins will still outweigh the strings of losses, Entry might not be as important as exit, in my humble opinion because different...
The majority of trader wannabes seldom consider the exit until after they open orders which implies they are trading blindly and not knowing where the future of the open order will take them. To open an order must imply that you know where the price CAN GO not just which direction, and without that you're a gambler. Whether the trade was right or wrong is another matter but at least one intended the price to move to a certain level or thereabouts. So to ask someone to predict direction is stupid unless they are predicting where it will go to.

So in your case I actually agree with the direction the issue I have is I am not sure how far and hence either I stay out of it or I shall look for a short when momentum is exhausted.

As for the SL that's another matter, I am using the worst broker with regards to take profit and SL. The idiots won't allow me to place a SL where I want as well as a TP. They have to agree with a chosen price before I can place a SL or a TP. WHat a scammer they are! The first hurdle a successful trader has to do is overcome the brokers cheating ways.

But I do agree with what you are saying it's just the exit most don't consider and without that you are driving nowhere lol. one must have a destination to succeed long term.
  • #1,073,125
  • Aug 2, 2016 7:32am Aug 2, 2016 7:32am
Quoting BooG
{quote} that moment when you pay money for a custom trading method,.... and then you go completely against it good luck mate {image}

An indicator is an indicator.. Just that and nothing more, so it indicates and not predict. I mean TL and MAs can be broken any time of the day you know right?

I am sure you also know that he can take a loss if his MM is in shape, so what right?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,126
  • Edited 7:54am Aug 2, 2016 7:40am | Edited 7:54am
Quoting baherhosni
{quote} An indicator is an indicator.. he can take a loss if his MM is in shape
totally agree. but then what's the point of paying money & filling a screen with stuff that you will ignore. More on that, how do you know that the method is good at the end of the day if you did not follow it?
MM is there to catch you when the trading method you FOLLOW fails.

It could fall of the cliff, no doubt. 1.12 is a real struggle and she came here rather fast in these last days.

Bottom line: what's the point in sharing a chart that screams the reverse of your order?!

this thread is always fun...

edit: don't wanna sound like a prick that just criticizes others, here's my view & orders. good luck!
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  • #1,073,127
  • Aug 2, 2016 7:53am Aug 2, 2016 7:53am
Quoting tradability
{quote} The majority of trader wannabes seldom consider the exit until after they open orders which implies they are trading blindly and not knowing where the future of the open order will take them. To open an order must imply that you know where the price CAN GO not just which direction, and without that you're a gambler. Whether the trade was right or wrong is another matter but at least one intended the price to move to a certain level or thereabouts. So to ask someone to predict direction is stupid unless they are predicting where it will go...
@tradability,

What happen to your broker man? Why don't you consider switching to some which are more legit and more flexible than the one you are having now? Any major issues and reasons why you can't change? That's not very healthy for you man! I wish you the best!
  • #1,073,128
  • Aug 2, 2016 8:02am Aug 2, 2016 8:02am
Quoting desmondho
{quote} @tradability, What happen to your broker man? Why don't you consider switching to some which are more legit and more flexible than the one you are having now? Any major issues and reasons why you can't change? That's not very healthy for you man! I wish you the best!
I have changed already many times look at my accounts in my home page and you will see few closed accounts. I am yet to find a good one but I aim to take his money before I run with it lol then I start again with another. The last one which is ffs the fools were widening spreads near any SL to take out traders. They are out to make as much money as they can and our strategy must be robust enough to handle them and their scamming ways as well as beating the markets.
  • #1,073,129
  • Aug 2, 2016 8:15am Aug 2, 2016 8:15am
Quoting BooG
{quote} totally agree. but then what's the point of paying money & filling a screen with stuff that you will ignore. More on that, how do you know that the method is good at the end of the day if you did not follow it? MM is there to catch you when the trading method you FOLLOW fails. It could fall of the cliff, no doubt. 1.12 is a real struggle and she came here rather fast in these last days. Bottom line: what's the point in sharing a chart that screams the reverse of your order?! this thread is always fun... edit: don't wanna sound like a prick...
Good view.. Every trader surely needs to build his case to open his trade positions.. I am sure you built your case for yourself and others who are treading on the opposite direction also have their own cases for their positions.

Good luck to all..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,130
  • Aug 2, 2016 8:22am Aug 2, 2016 8:22am
Quoting BooG
{quote} totally agree. but then what's the point of paying money & filling a screen with stuff that you will ignore. More on that, how do you know that the method is good at the end of the day if you did not follow it? MM is there to catch you when the trading method you FOLLOW fails. It could fall of the cliff, no doubt. 1.12 is a real struggle and she came here rather fast in these last days. Bottom line: what's the point in sharing a chart that screams the reverse of your order?! this thread is always fun... edit: don't wanna sound like a prick...
A previous analysis of mine put a target at 1.1280 just for your info.

Edit: just watch for 1215
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,131
  • Aug 2, 2016 8:25am Aug 2, 2016 8:25am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Long at 1,1203 with target 1,1230

Jos
  • #1,073,132
  • Aug 2, 2016 8:26am Aug 2, 2016 8:26am
Im open an sell order at 1.1211 then iif it move up i will sell at 1.1219 - 1.1230
  • #1,073,133
  • Edited 8:42am Aug 2, 2016 8:28am | Edited 8:42am
Quoting BooG
{quote} that moment when you pay money for a custom trading method,.... and then you go completely against it good luck mate {image}
I trade false-breakouts with increasing grid lot sizes.
(volatility fade)

any strategy is profitable, if you know how to profit...

even now the R:R is 1:6
it will be max 2:6 before SL is hit. (1.22 for 2:6 but I haven't set a SL)
  • #1,073,134
  • Aug 2, 2016 8:29am Aug 2, 2016 8:29am
Profit target was reached.
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  • #1,073,135
  • Aug 2, 2016 8:34am Aug 2, 2016 8:34am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting Soroushno
Im open an sell order at 1.1211 then iif it move up i will sell at 1.1219 - 1.1230
Perhaps you are right but, seeing what the eurusd is doing, I would not open a short position now, unless I am behind a few pips. Good luck. Jos
  • #1,073,136
  • Aug 2, 2016 8:55am Aug 2, 2016 8:55am
Hello, just confirm your analysis I think bullish on the pair eurusd, good luck to you
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  • #1,073,137
  • Aug 2, 2016 8:59am Aug 2, 2016 8:59am
I'am expecting a move to 1.1250.

Nice place to short,after a spike.
  • #1,073,138
  • Aug 2, 2016 9:08am Aug 2, 2016 9:08am
Quoting 3Davy
I'am expecting a move to 1.1250. Nice place to short,after a spike.
.agree
  • #1,073,139
  • Aug 2, 2016 9:12am Aug 2, 2016 9:12am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
I have moved up my objective to 1,1235
  • #1,073,140
  • Aug 2, 2016 9:27am Aug 2, 2016 9:27am
Reckon US GDP estimate was too high
They keep doing it
NFP figures next looks achievable
Dudley said that there could be two hikes
UK definitely doing something on Thursday
This will impact EU
EU looks a bit overbought
Forming head and shoulders pattern
Looking at selling soon
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